The Chief State Attorney, Marina Appiah Opare, has said the plan by Mr. Willaims Ato Essien, CEO of the defunct Capital Bank, to pay the funds will not stop the trial from proceeding since the negotiation will affect only four of the charges. He and three others are facing 26 charges for various roles they […]
The Receiver of the defunct Microfinance companies and savings and loans firms is set to complete a second level of validation processes to pay all affected customers whose funds were locked up after the licenses of those institutions were revoked by the Central Bank. The Minister of Information, Hon. Kwadwo Oppong Nkrumah as part of […]
Consolidated Bank Ghana (CBG) has clarified how customers of collapsed financial institutions can access their cash and bonds, following government’s decision to pay the affected customers. It will be recalled that Government has provided a combination of cash and bonds totalling Five Billion Ghana Cedis (GHS5,000,000,000.00) to pay depositors of the collapsed financial institutions. At […]
The Receiver for the purposes of winding down the affairs of 347 Microfinance Companies and the 23 Savings & Loans And Finance House Companies wishes to notify the general public especially individuals and institutions whose claims have been validated in the resolution process that, effective Thursday 2 April 2020, Consolidated Bank Ghana Limited will be […]
CBG ACCOUNT NUMBERS FOR REPAYMENT OF LOANS BY LOAN DEFAULTERS OF THE DEFUNCT MICROFINANCE COMPANIES 1 1st Eye Microfinance Company Limited 1297002100007 2 Abepa Microfinance Limited 1297002100008 3 Acea Microfinance Co. Limited 1297002100009 4 Adom Sika Microfinance Limited 1297002100010 5 Advalue Microfinance Limited 1297002100011 6 […]
LIST OF ACCOUNT NUMBERS FOR LOAN REPAYMENTS OF DEFUNCT SAVINGS AND LOANS No CBG ACCOUNT NUMBERS FOR LOAN REPAYMENTS BY DEFAULTERS OF THE DEFUNCT SAVINGS AND LOANS COMPANIES Account Type Account Number 1 GN Savings and Loans (In Receivership) GHS 1315515100002 USD 1315515100003 2 Accent Financial Services(In Receivership) GHS 1315515100004 […]
The receiver for 347 collapsed Microfinance companies and 23 Savings and Loans and Finance House Companies in a statement issued to the general public, person/persons/institutions who took loan facilities from these defunct companies are to visit any of the maintained branches of these institutions for repayment of the loans immediately. “Notice to all Borrowers and […]
https://www.youtube.com/watch?v=TcABs3h22PM&feature=emb_logo A Press Statement issued by the Receiver for the 347 collapsed Microfinance companies and 23 Savings and Loans and Finance House Companies indicated the status of full payments to depositors. “Update on full payments to depositors whose claims have been validated in the resolution process” the statement added IN THE MATTER OF THE BANKS […]
As at close of today, February 27, 2020, a total of 8,884 customers of the collapsed savings and loans (MS&Ls), Micro Finance Institutions (MFIs) and Micro-credit Institutions have been paid their monies, Consolidated Bank of Ghana has announced. For Savings and Loans, 449 social organisations, 418 companies and 152 rural banks and finance houses have […]
